（文章来源：证券日报） 证券日报网讯 2月27日，呈和科技发布2025年度业绩快报公告称，公司2025年度实现营业总收入 987733706.49元，同比增长11.98%；归属于母公司所有者的净利润281620713.46元，同比增长12.53%。 ...

2025年度业绩快报公告 呈和科技股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 本公告所载2025年度主要财务数据为初步核算数据，未经会计师事务所审计，具体数据 以呈和科技股份有限公司（以下简称"公司"）2025年年度报告为准，提请投资者注意投资风 险。 证券代码：688625 证券简称：呈和科技 公告编号：2026-002 报告期末，公司总资产人民币 3,083,772,639.27 元，较期初减少 6.22%；归属于母公司 的所有者权益人民币 1,515,174,509.44 元，较期初增长 11.35%；归属于母公司所有者的每 股净资产人民币 8.05 元，较期初减少 19.98%。 报告期内，公司经营稳健增长，核心驱动力源于高分子材料助剂产品国内及海外市场占 有率的持续提升。公司抓住市场机遇，不断加大国内市场拓展力度，同时深化国际化战略布 局，通过强化战略执行效率，加快高分子材料助剂产品的"国产替代"进程；并依托差异化 竞争策略精准对接海外客户需求，推动市场占有率稳步提高，实现经营业绩稳步增长。 一 ...

呈和科技公告，2025年度实现营业总收入9.88亿元，同比增长11.98%；净利润2.82亿元，同比增长 12.53%。报告期内，公司经营稳健增长，核心驱动力源于高分子材料助剂产品国内及海外市场占有率 的持续提升。公司抓住市场机遇，不断加大国内市场拓展力度，同时深化国际化战略布局，通过强化战 略执行效率，加快高分子材料助剂产品的"国产替代"进程；并依托差异化竞争策略精准对接海外客户需 求，推动市场占有率稳步提高，实现经营业绩稳步增长。 ...

Group 1 - The core viewpoint of the news is that Chenghe Technology's stock has increased by 5.08%, reaching a price of 71.98 yuan per share, with a total market capitalization of 13.555 billion yuan [1] - Chenghe Technology, established on January 31, 2002, specializes in providing environmentally friendly, safe, and high-performance polymer material additives for companies manufacturing high-performance resin materials and modified plastics [1] - The main revenue composition of Chenghe Technology includes nucleating agents (62.97%), synthetic hydrotalcite (13.41%), trading products (9.04%), antioxidants (8.04%), NDO composite additives (6.52%), and others (0.02%) [1] Group 2 - Among the top ten circulating shareholders of Chenghe Technology, a fund under the Fortune Fund ranks first, having reduced its holdings by 650,900 shares, now holding 1.8864 million shares, which accounts for 1% of the circulating shares [2] - The Fortune Hu-Gang-Shen Performance Driven Mixed A Fund (005847) has a current scale of 3.119 billion yuan and has achieved a year-to-date return of 9.04%, ranking 1910 out of 8882 in its category [2] - The fund manager, Zhang Feng, has a tenure of 14 years and 311 days, with the fund's total asset scale at 11.432 billion yuan, achieving a best return of 393.65% during his tenure [3]

Group 1 - The core viewpoint of the news is that Chenghe Technology has shown significant financial activity, with a notable increase in financing and stockholder numbers, indicating potential growth and investor interest [1][2]. Group 2 - As of January 29, Chenghe Technology's stock price decreased by 0.66%, with a trading volume of 299 million yuan. The financing buy-in amount was 48.93 million yuan, while the net financing buy-in was 16.11 million yuan, leading to a total financing balance of 397 million yuan, which is 3.48% of the circulating market value [1]. - The company has a high financing balance, exceeding the 90th percentile level over the past year, indicating strong investor engagement [1]. - On the short-selling side, there were no shares sold or repaid on January 29, with a short-selling balance of 29.91 thousand yuan, also above the 90th percentile level for the past year [1]. Group 3 - As of September 30, the number of shareholders for Chenghe Technology increased to 5,462, a rise of 27.80%, while the average circulating shares per person decreased by 21.75% to 34,478 shares [2]. - For the period from January to September 2025, the company reported a revenue of 740 million yuan, reflecting a year-on-year growth of 14.16%, and a net profit attributable to shareholders of 228 million yuan, up 15.09% year-on-year [2]. Group 4 - Chenghe Technology has distributed a total of 393 million yuan in dividends since its A-share listing, with 303 million yuan distributed over the past three years [3]. - Among the top ten circulating shareholders as of September 30, 2025, Penghua China 50 Mixed Fund entered as the ninth largest shareholder with 1.9352 million shares, while the Fortune Hong Kong-Shanghai Deep Performance Driven Mixed Fund reduced its holdings by 650,900 shares [3].

Group 1 - The core point of the article highlights that Chenghe Technology's stock price dropped by 5.16% to 58.50 CNY per share, with a trading volume of 1.26 billion CNY and a turnover rate of 1.12%, resulting in a total market capitalization of 11.017 billion CNY [1] - Chenghe Technology, established on January 31, 2002, and listed on June 7, 2021, specializes in providing environmentally friendly, safe, and high-performance polymer material additives for companies manufacturing high-performance resin materials and modified plastics [1] - The main revenue composition of Chenghe Technology includes nucleating agents (62.97%), synthetic hydrotalcite (13.41%), trading products (9.04%), antioxidants (8.04%), NDO composite additives (6.52%), and others (0.02%) [1] Group 2 - From the perspective of the top ten circulating shareholders, a fund under the Fortune Fund ranks among Chenghe Technology's top shareholders, having reduced its holdings by 650,900 shares to 1.8864 million shares, representing 1% of the circulating shares, resulting in an estimated floating loss of approximately 5.9989 million CNY [2] - The Fortune Hu-Gang-Shen Performance Driven Mixed A Fund (005847), established on July 27, 2018, has a latest scale of 3.119 billion CNY, with a year-to-date return of 11.28%, ranking 1607 out of 8864 in its category, and a one-year return of 56.28%, ranking 1667 out of 8126 [2]

Market Overview - The chemical products sector experienced a decline of 0.55% on January 14, with Chenghe Technology leading the losses [1] - The Shanghai Composite Index closed at 4126.09, down 0.31%, while the Shenzhen Component Index rose to 14248.6, up 0.56% [1] Top Gainers in Chemical Sector - Qicai Chemical (300758) saw a significant increase of 20.01%, closing at 16.85 with a trading volume of 524,100 shares and a turnover of 832 million [1] - Changhua Chemical (301518) rose by 12.77%, closing at 44.60 with a trading volume of 124,200 shares and a turnover of 519 million [1] - Demei Chemical (002054) increased by 9.99%, closing at 8.81 with a trading volume of 420,300 shares and a turnover of 360 million [1] Top Losers in Chemical Sector - Chenghe Technology (688625) declined by 5.79%, closing at 58.71 with a trading volume of 88,500 shares and a turnover of 525 million [2] - Duofuduo (002407) fell by 4.31%, closing at 31.55 with a trading volume of 1,265,100 shares and a turnover of 404.6 million [2] - Kaisa Bio (688065) decreased by 3.97%, closing at 59.77 with a trading volume of 158,000 shares and a turnover of 965 million [2] Capital Flow Analysis - The chemical products sector experienced a net outflow of 1.757 billion from institutional investors, while retail investors saw a net inflow of 1.333 billion [2] - The top stocks with significant net inflows from retail investors include Qicai Chemical (300758) with a net inflow of 256 million [3] - Demei Chemical (002054) also had a notable net inflow of 108 million from retail investors [3]

Market Overview - The chemical products sector experienced a decline of 0.29% on January 13, with Qiaoyuan Co. leading the drop [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, while the Shenzhen Component Index closed at 14169.4, down 1.37% [1] Top Performers - Huaheng Biological (688639) saw a significant increase of 13.79%, closing at 41.34 with a trading volume of 419,600 shares and a transaction value of 1.721 billion [1] - Chenghe Technology (688625) rose by 12.29%, closing at 62.32 with a trading volume of 109,000 shares and a transaction value of 672 million [1] - Kaisa Biological (688065) increased by 12.14%, closing at 62.24 with a trading volume of 177,800 shares [1] Underperformers - Qiaoyuan Co. (301286) fell by 8.67%, closing at 47.41 with a trading volume of 53,000 shares and a transaction value of 258 million [2] - Hangqing Co. (002430) decreased by 6.99%, closing at 32.06 with a trading volume of 311,600 shares [2] - Taihe Technology (300801) dropped by 6.72%, closing at 30.39 with a trading volume of 173,200 shares [2] Capital Flow - The chemical products sector saw a net outflow of 642 million from institutional investors and 357 million from retail investors, while retail investors had a net inflow of 999 million [2] - The capital flow data indicates a mixed sentiment among different investor types within the sector [2] Individual Stock Capital Flow - Duoliangduo (002407) had a net inflow of 224 million from institutional investors, while it experienced a net outflow of 1.09 billion from retail investors [3] - Wanhu Chemical (600309) saw a net inflow of 189 million from institutional investors, with a net outflow of 76.596 million from retail investors [3] - Yahua Group (002497) had a net inflow of 154 million from institutional investors, while retail investors experienced a net outflow of 17.488 million [3]

Industry Investment Rating - The industry investment rating is "Outperform" and is maintained [2] Core Views - The basic chemical industry index closed at 4569.80 points, up 4.21% from last week, outperforming the CSI 300 index by 2.35% [17] - Among the 25 sub-industries in the chemical sector, all showed gains, with inorganic salts, modified plastics, synthetic resins, and chlor-alkali leading the way with weekly increases of 10.92%, 9.94%, 7.87%, and 7.60% respectively [18][19] - A total of 462 stocks in the chemical sector saw 400 stocks rise (87%) and 57 stocks fall (12%) during the week [21] Summary by Relevant Sections Weekly Chemical Market Overview - The basic chemical industry index rose to 4569.80 points, marking a 4.21% increase compared to the previous week, and outperformed the CSI 300 index by 2.35% [17] - The weekly performance of 25 sub-industries showed no declines, with significant gains in inorganic salts and modified plastics [18][19] Chemical Product Price Trends - Among 380 tracked chemical products, 89 saw price increases while 70 experienced declines [24] - The top ten products with the highest price increases included lithium manganate and lithium battery electrolytes, with increases ranging from 7% to 22% [25] - Conversely, the top ten products with the largest price declines included vitamin VD3 and lithium hexafluorophosphate, with declines ranging from 4% to 13% [26] Key Chemical Sub-Industry Tracking - The polyester filament market remained stable, with average prices for POY, FDY, and DTY showing slight declines [27] - The average industry operating rate for polyester filament was approximately 88.11%, with some facilities undergoing maintenance [28] - The average processing margin for polyester products indicated a slight improvement in profitability compared to the previous week [29] Tire Industry Insights - The operating rates for the full steel tire industry decreased to 55.50%, while the semi-steel tire industry dropped to 63.78% [38] - Export volumes from major tire companies in Southeast Asia showed significant year-on-year declines [39] - The average price of styrene-butadiene rubber increased by approximately 2.45% during the week [40] Refrigerant Market Overview - The R22 refrigerant market remained weak, with prices stabilizing at low levels due to cautious market sentiment [47] - In contrast, the R134a refrigerant market continued to rise, with major producers increasing prices amid tight supply conditions [48]

Group 1 - The chemical products sector increased by 0.17% on January 7, with Gao Meng New Materials leading the gains [1] - The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1] - Gao Meng New Materials saw a significant rise of 20.03%, closing at 14.56, with a trading volume of 1.32 million shares [1] Group 2 - The chemical products sector experienced a net outflow of 1.066 billion yuan from institutional investors, while retail investors saw a net inflow of 1.339 billion yuan [2] - The top gainers in the sector included Chenghe Technology, which rose by 12.86% to 51.96, and Changqing Technology, which increased by 9.98% to 18.74 [1][2] - Conversely, Baolong Chuangyuan and Cangzhou Dahua were among the top losers, declining by 7.42% and 5.29% respectively [2] Group 3 - The main net inflow for Gao Meng New Materials was 365 million yuan, representing 19.64% of its trading volume, while it faced a net outflow of 244 million yuan from speculative funds [3] - Other notable stocks included Chi Bo Te, which had a main net inflow of 60.47 million yuan, and Xianfeng New Materials with a net inflow of 45.96 million yuan [3] - The overall trend indicated a mixed performance in the sector, with significant retail participation despite institutional outflows [2][3]